Summary
Overview
Work History
Education
Skills
Accomplishments
Timeline
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Jerry Daugherty

Riverton,USA

Summary

Treasury Leadership | Financial Planning & Analysis (FP&A) | Business Transformation | Risk Appetite Enhancement

Driven Director of Treasury with solid background in managing corporate treasury functions. Skilled in optimizing cash management strategies and enhancing liquidity. Demonstrated expertise in risk assessment and financial planning.

Overview

20
20
years of professional experience

Work History

Director of Treasury

TrackForce
06.2024 - Current
  • Led the transformation of the Treasury function, improving payment accuracy, timing optimization, and policy implementation.
  • Transitioned cash flow forecasting from Excel to Workday Adaptive, enhancing reliability and scalability. Upskilled team members by fostering accountability and engagement in the transformation.
  • Developed an initiative-taking process to mitigate revenue timing impacts. Improved collaboration between Treasury, AR, AP, and Accounting by eliminating communication barriers.
  • Directed the consolidation of banking activities across EMEA and North America following multiple acquisitions, streamlining operations by centralizing accounts from various institutions and managing KYC requirements. This initiative significantly reduced banking costs while improving transaction accuracy and financial reporting.
  • Implemented a cross-border payment solution that optimized foreign exchange process, which reduced FX risk and resulted in over $100K in annual savings through reduced currency conversion cost.
  • Collaborated with IT and Shared Services to implement an online cash flow forecast and reporting solution using Workday Adaptive Planning, enhancing accuracy, and saving time on weekly forecasts.

Treasury & FP&A Consultant

MV Transportation
08.2023 - 06.2024
  • Hired to develop a new cash forecast model aimed at enhancing accuracy, offering detailed insights into variances, and providing strategic guidance to the executive team.
  • Improved forecast development by fostering a new level of accountability in the organization and developing a process that would ensure proactive identification of changes to revenue timing to minimize impact.
  • Successfully eliminated communication roadblocks by promoting collaboration among the Treasury, Accounts Receivable (AR), Accounts Payable (AP), and accounting teams. Additionally, bridged the communication gap within leadership to ensure cohesive strategic alignment.
  • Managed the monthly financial reporting process, which included guest results and forecasting activities. Produced management reports and dashboards and conducted variant analysis to provide essential insights into company performance.
  • Provided consulting services for complex company-wide initiatives and finance projects, utilizing a comprehensive understanding of financial systems, processes, integrations, and interdependencies across the organization.
  • Collaborated with IT department to develop online forecasting and reporting via Business Intelligence, integrating real-time data on cash flow forecasts, collections, open invoices, and past-due invoices. Provide stakeholders and executives with current information for decision-making.

Treasury & FP&A Manager

Imagine Communications
02.2022 - 02.2023
  • Fostered a culture of operational excellence. Spearheaded cross-functional alignment; oversaw global P&L management. Directly oversaw a quarterly budget of ~$20M.
  • Facilitated data-driven decision making and optimized executive reporting. Built high-performing teams by instilling a sense of accountability and hiring top-tier talent; challenged the status quo, revised outdated protocols, and optimized the information flow.
  • Strengthened interdepartmental relationships; guided collaboration between Treasury, Accounts Receivable (AR) and Accounts Payable (AP), and accounting teams; closed leadership communication gap.
  • Streamlined the daily cash position across 22 global accounts by building a central cash management model, offering unprecedented visibility into inflows and outflows; strategized against fluctuating exchange rates and geopolitical situations.
  • Transformed the financial landscape by cutting week-over-week variance in cash flow reporting from 15% to 5%; restored data consistency across all departments; boosted forecasting accuracy by regulating down payments; cut the delinquency rate by 5%.
  • Equipped sales team with improved data fluidity in Salesforce, enabling accurate pipeline analysis and backlog clearance.
  • Proposed the initiative for the identification of bank fees reduction opportunities aiming to save up to $100K annually.

Principal FP&A

CTI Foods
11.2020 - 02.2022
  • Led P&L analysis with the VP for each plant; highlighted cost overinflation on certain product lines as the cause of an apparent $200K monthly loss on one occasion, thus revising the profitability metrics.
  • Drove business continuity during COVID-19 despite supply chain disruptions and stockouts; redesigned the pricing strategy for alternative products and updated the executive team with weekly forecasts based on new sourcing and logistics agreements.
  • Received special recognition from the VP of Safety for introducing an employee upskilling initiative: the Excel training program, thus enhancing plant managers’ data analysis proficiency; hosted monthly lunch-and-learns for beginner and advanced levels.

Principal Business Operations Manager

Sabre Corporation
07.2018 - 07.2020
  • Hired as a principal portfolio manager directing 12 software development teams within the pricing unit; ensured smooth collaboration between global teams and enhanced the management maturity of executing deliverables and aligning with long-term strategic project planning and tracking.
  • Contributed financial insights to annual planning meetings; suggested workflow modernization practices; drove a transition to Agile methodology. Revaluated priorities in multi-project environment.
  • Acknowledged as the best hire by the VPs for integrating into the organizational culture faster than any other newcomer; mastered proprietary database system within days and earned the reputation as the point of reference for related queries.
  • Rejuvenated the stagnant projects by developing an Excel-based progress tracking model, hosting regular all-manager meetings, and communicating project bottlenecks during corporate planning sessions. Subsequently tasked with democratizing the business operations model and designated as a Subject Matter Expert (SME).

Director Integrated Business Planning (IBP) and Finance

Nature Nate’s Honey
05.2017 - 11.2017
  • Trusted with the dual role of financial analysis and IBP. Directed CEO’s attention towards operating losses capable of causing company-wide financial distress, thus discouraged business expansion and emphasized product development and innovation instead.
  • Revamped the forecast model to incorporate long-term financial outlook.

Finance Manager FP&A

Hitachi Consulting Corporation
09.2014 - 05.2017
  • Single thread leader for the Americas managing 24 operating teams with revenues exceeding $400M. Served as a ‘mini-CFO’ for each of these teams; led marginal analysis with the VPs of sales and operations.
  • Ensured transparency while developing bottom-up budget in coordination with the COO and Shared Services team; pointed out value engineering principles to cut costs.

Education

MBA: Dual Concentration - Management, Strategy & Entrepreneurship

Southern Methodist University

Bachelor of Science - Organizational Leadership

Chapman University

Skills

  • Financial Planning & Analysis (FP&A)
  • Long-Range Strategic Planning
  • Forecasting & Reporting
  • Cash Flow Optimization
  • Government & Regulatory Compliance
  • SOX Compliance
  • Planning Tools (Workday Adaptive, Hyperion, Oracle)
  • ERP Systems (SAP, NetSuite)
  • Cross-Functional Leadership
  • Team Mentorship & Development
  • Internal Controls
  • Executive-Level Collaboration
  • Foreign exchange management
  • Cash management expertise
  • Bank relationship management

Accomplishments

  • Cash Flow Improvement: Reversed the cash flow crisis at Imagine Communications by laying the foundation for a well-oiled financial machinery; increased cash flow accuracy by 30% within the first 90 days of joining and drastically cut the payment return rate by stressing on data quality control practices; course corrected expense management.
  • Data Analysis: Cut the forecast error from 20% to 5% at CTI Foods by developing an integrated production cost optimization model; supervised the replication of the model at 8 other plants on CEO’s request based on the first one’s success.
  • Digital Transformation: Achieved 10% cost savings at Imagine Communications by inspiring a transition from wire transfers to ETH payments; led end-to-end execution of an all-in-one payment processing platform, Fusion and standardized its use across all global accounts; led collaboration with AP and AR teams and international banks.
  • Served in United States Marine Corps

Timeline

Director of Treasury

TrackForce
06.2024 - Current

Treasury & FP&A Consultant

MV Transportation
08.2023 - 06.2024

Treasury & FP&A Manager

Imagine Communications
02.2022 - 02.2023

Principal FP&A

CTI Foods
11.2020 - 02.2022

Principal Business Operations Manager

Sabre Corporation
07.2018 - 07.2020

Director Integrated Business Planning (IBP) and Finance

Nature Nate’s Honey
05.2017 - 11.2017

Finance Manager FP&A

Hitachi Consulting Corporation
09.2014 - 05.2017

Bachelor of Science - Organizational Leadership

Chapman University

MBA: Dual Concentration - Management, Strategy & Entrepreneurship

Southern Methodist University

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